CHV Management: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CHV Management
Largest movements
- Cash +€147,315
up €147,315 (+2,313%), from €6,368 to €153,683
mainly Receivables within one year (+€89,379) and Net result for the year (+€37,479)
- Receivables within one year -€89,379
down €89,379 (-58.1%), from €153,785 to €64,405
of which Trade receivables: -€95,276
- Tangible fixed assets -€21,155
down €21,155 (-29.9%), from €70,715 to €49,560
of which Leasing and similar rights: -€22,096
- Reserves +€35,742
up €35,742 (+24.0%), from €148,755 to €184,497
- Debts after one year -€22,965
down €22,965 (-44.8%), from €51,225 to €28,260
- Tax, wage and social debts +€15,015
up €15,015 (+1,581%), from €950 to €15,964
- Trade debts +€7,846
up €7,846 (+221%), from €3,552 to €11,397
- Gross operating margin +€48,223
up €48,223 (+179%), from €26,968 to €75,191
- Taxes +€10,416
up €10,416 (+2,884%), from €361 to €10,778
- Financial charges -€1,125
down €1,125 (-24.4%), from €4,609 to €3,484
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,280 | €268,084 | +€36,804 | +15.9% |
| Fixed assets | 21/28 | €70,715 | €49,560 | -€21,155 | -29.9% |
| Tangible fixed assets | 22/27 | €70,715 | €49,560 | -€21,155 | -29.9% |
| Furniture and vehicles | 24 | €192 | €1,134 | +€941 | +489% |
| Leasing and similar rights | 25 | €70,522 | €48,426 | -€22,096 | -31.3% |
| Current assets | 29/58 | €160,565 | €218,524 | +€57,958 | +36.1% |
| Amounts receivable within one year | 40/41 | €153,785 | €64,405 | -€89,379 | -58.1% |
| Trade receivables | 40 | €106,698 | €11,422 | -€95,276 | -89.3% |
| Other amounts receivable | 41 | €47,087 | €52,983 | +€5,896 | +12.5% |
| Cash at bank and in hand | 54/58 | €6,368 | €153,683 | +€147,315 | +2,313% |
| Deferred charges and accrued income | 490/1 | €413 | €435 | +€22 | +5.4% |
| Total equity and liabilities | 10/49 | €231,280 | €268,084 | +€36,804 | +15.9% |
| Equity | 10/15 | €152,019 | €189,497 | +€37,479 | +24.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €148,755 | €184,497 | +€35,742 | +24.0% |
| Distributable reserves | 133 | €148,755 | €184,497 | +€35,742 | +24.0% |
| Profit (loss) carried forward | 14 | -€1,737 | €0 | +€1,737 | |
| Amounts payable | 17/49 | €79,261 | €78,587 | -€675 | -0.9% |
| Amounts payable after more than one year | 17 | €51,225 | €28,260 | -€22,965 | -44.8% |
| Financial debts | 170/4 | €51,225 | €28,260 | -€22,965 | -44.8% |
| Amounts payable within one year | 42/48 | €26,364 | €50,327 | +€23,963 | +90.9% |
| Current portion of amounts payable after more than one year | 42 | €21,862 | €22,965 | +€1,102 | +5.0% |
| Trade debts | 44 | €3,552 | €11,397 | +€7,846 | +221% |
| Suppliers | 440/4 | €3,552 | €11,397 | +€7,846 | +221% |
| Taxes, remuneration and social security | 45 | €950 | €15,964 | +€15,015 | +1,581% |
| Taxes | 450/3 | €950 | €15,964 | +€15,015 | +1,581% |
| Accrued charges and deferred income | 492/3 | €1,673 | €0 | -€1,673 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,352 | €22,311 | -€42 | -0.2% |
| Other operating charges | 640/8 | €1,383 | €1,140 | -€242 | -17.5% |
| Gross operating margin | 9900 | €26,968 | €75,191 | +€48,223 | +179% |
| Operating profit (loss) | 9901 | €3,233 | €51,740 | +€48,507 | +1,500% |
| Financial charges | 65/66B | €4,609 | €3,484 | -€1,125 | -24.4% |
| Recurring financial charges | 65 | €4,609 | €3,484 | -€1,125 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,376 | €48,256 | +€49,632 | |
| Income taxes | 67/77 | €361 | €10,778 | +€10,416 | +2,884% |
| Profit (loss) for the period | 9904 | -€1,737 | €37,479 | +€39,215 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,737 | €37,479 | +€39,215 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.